You will be redirected back to your article in seconds

New investors boost HK’s Golden Harvest

Company to boost share offering

HONG KONG — Golden Harvest Entertainment has dropped its plan to delist the company after finding new investors to boost its public shareholding.

The film distribution and exhibition company resumed trading Monday after a 10-month suspension.

Golden Harvest and its substantial shareholder, Village Roadshow, announced that they would raise the public shareholding from 7% to about 23%.

Among the new investors, American Intl. Assurance (Bermuda) will take 5 million new shares, or 0.73% of the enlarged share capital.

In addition, the company said it plans to increase the number of screens it operates from 312 to 372 by next year. The number of seats would increase to 98,898.

More Biz

  • Brett Kavanaugh

    Time's Up Calls for Brett Kavanaugh to Withdraw Supreme Court Nomination

    HONG KONG — Golden Harvest Entertainment has dropped its plan to delist the company after finding new investors to boost its public shareholding. The film distribution and exhibition company resumed trading Monday after a 10-month suspension. Golden Harvest and its substantial shareholder, Village Roadshow, announced that they would raise the public shareholding from 7% to […]

  • Michael Ovitz: 12 Things We Learned

    12 Things We Learned From Michael Ovitz's New Book

    HONG KONG — Golden Harvest Entertainment has dropped its plan to delist the company after finding new investors to boost its public shareholding. The film distribution and exhibition company resumed trading Monday after a 10-month suspension. Golden Harvest and its substantial shareholder, Village Roadshow, announced that they would raise the public shareholding from 7% to […]

  • Bill Cosby

    Bill Cosby Prosecutor Seeks 5 to 10 Years in Prison

    HONG KONG — Golden Harvest Entertainment has dropped its plan to delist the company after finding new investors to boost its public shareholding. The film distribution and exhibition company resumed trading Monday after a 10-month suspension. Golden Harvest and its substantial shareholder, Village Roadshow, announced that they would raise the public shareholding from 7% to […]

  • Bill Cosby sentencing

    Prosecutors Want Bill Cosby Declared a 'Sexually Violent Predator' as Sentencing Starts

    HONG KONG — Golden Harvest Entertainment has dropped its plan to delist the company after finding new investors to boost its public shareholding. The film distribution and exhibition company resumed trading Monday after a 10-month suspension. Golden Harvest and its substantial shareholder, Village Roadshow, announced that they would raise the public shareholding from 7% to […]

  • Comcast Stock Tanks After Winning Sky

    Comcast Stock Tanks Over Wall Street Concerns It Overpaid for Sky

    HONG KONG — Golden Harvest Entertainment has dropped its plan to delist the company after finding new investors to boost its public shareholding. The film distribution and exhibition company resumed trading Monday after a 10-month suspension. Golden Harvest and its substantial shareholder, Village Roadshow, announced that they would raise the public shareholding from 7% to […]

  • Randall Stephenson

    AT&T Plans Big Push to Win Over Madison Avenue

    HONG KONG — Golden Harvest Entertainment has dropped its plan to delist the company after finding new investors to boost its public shareholding. The film distribution and exhibition company resumed trading Monday after a 10-month suspension. Golden Harvest and its substantial shareholder, Village Roadshow, announced that they would raise the public shareholding from 7% to […]

  • Pandora

    SiriusXM to Acquire Pandora in $3.5 Billion Deal

    HONG KONG — Golden Harvest Entertainment has dropped its plan to delist the company after finding new investors to boost its public shareholding. The film distribution and exhibition company resumed trading Monday after a 10-month suspension. Golden Harvest and its substantial shareholder, Village Roadshow, announced that they would raise the public shareholding from 7% to […]

More From Our Brands

Access exclusive content